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Al Mazaya Holding Co (K.S.C) a leading property firm in the region, signed a contribution contract with “Oman Construction” to share in a real estate investment portfolio in Oman with a capital of OMR 3.1 million. Al Mazaya’s share is 40% while 12% is for Oman Construction and 12% for “Mina” real estate company. The remainder of the percentage is submitted for IPO from a chosen group of investors and real estate companies.

In This Section

The General Assembly of the Company was held on 28/03/2016 has approved all its agenda

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28-March-2016
Date:

With reference to the above subject and to paragraph 27 of article 1-1-4 of chapter 4 of book 10 of the executive regulation of law No.7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities, kindly be advised that the General Assembly of the Company was held on 28/03/2016 has approved all its agenda as follows:

Date

28/03/2016

Name of listed company

Al Mazaya Holding Co.K.S.C.P/

Material information
  • The General Assembly has approved the board of directors’ proposal to distribute cash dividend of 7% of the paid-up capital which is equivalent to 7 Kuwaiti fils per share, with a total amount of KD 4,347,652 (Four Million and Three Hundred and Forty Seven Thousands, Six Hundred and Fifty Two Kuwaiti Dinars) to the registered shareholders as of the date of the General Assembly.
  • Election of new board of directors for the Company for the next 3 years as follows;
  • Mr./ Rasheed Yaqoub Yousef Al Nafisi
  • Mr./ Abdul Hamid Mohmmed Deeb Miherz
  • Mr./ Mohammad Khaled Othman Al Othman
  • United Circle General Contracting for Buildings
  • – Sole Proprietorship.
  • Ms./ Rasha Abdullah Mohalhel Al-Qenaei

    The remaining topics of the Ordinary General Assembly as well have been approved. The General Assembly minutes of meeting will be announced after being authenticated by the Ministry of Commerce and Industry as well as the composition of the members of the board of directors once finalized.

Effect of the material information on the company financial position

There is no Impact from the material Information on the Company’s financial position

Date

28/03/2016

Name of listed company

Al Mazaya Holding Co.K.S.C.P/

Material information
  • The General Assembly has approved the board of directors’ proposal to distribute cash dividend of 7% of the paid-up capital which is equivalent to 7 Kuwaiti fils per share, with a total amount of KD 4,347,652 (Four Million and Three Hundred and Forty Seven Thousands, Six Hundred and Fifty Two Kuwaiti Dinars) to the registered shareholders as of the date of the General Assembly.
  • Election of new board of directors for the Company for the next 3 years as follows;
  • Mr./ Rasheed Yaqoub Yousef Al Nafisi
  • Mr./ Abdul Hamid Mohmmed Deeb Miherz
  • Mr./ Mohammad Khaled Othman Al Othman
  • United Circle General Contracting for Buildings
  • – Sole Proprietorship.
  • Ms./ Rasha Abdullah Mohalhel Al-Qenaei

    The remaining topics of the Ordinary General Assembly as well have been approved. The General Assembly minutes of meeting will be announced after being authenticated by the Ministry of Commerce and Industry as well as the composition of the members of the board of directors once finalized.

Effect of the material information on the company financial position

There is no Impact from the material Information on the Company’s financial position